McCargo joined the FHLBank in June.

Mr. Cooper says it achieves faster closing times and improves customer satisfaction when using remote online notarization.

The non-agency servicer has 32 full-time computer programmers.

For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.

The tool took A&D Mortgage six weeks to build the tool based on a commercial solution that was updated using information provided by the lender.

Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.

FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.

Investments in customer service can help both borrowers and servicers, according to industry participants. Servicers are using AI and other tech to help borrowers and potentially generate recapture business.

Lock-in persists; eClosing found to provide pricing gains; home sales expected to increase; LOs shy away from AI; credit card offers rewards points for mortgage payments; steady profits for LendingTree from lead business.

Among LOs that knowingly use AI, the most cited use was for marketing efforts.